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Off the record

"What did they do after agreeing the Greek bailout? They went on holiday and left the details until they came back in September. No wonder the whole thing looks likely to unravel"

One banker condemns the appalling lack of leadership at the heart of the eurozone

"[Checking his computer] God, I hate financial journalists. Hate ‘em. [Turns around, and adds hastily] I don’t mean you guys, of course, I mean the other financial press"

Euromoney isn’t sure whether that’s an insult or a complement.

"The dollar and the euro are like the duelling banjo players in Deliverance trying to outdo each other on the downside"

An observer strikes a melancholy note on the state of Western economies

"There’s too much scepticism on Greek privatization. The Greek population has entirely lost faith in the political class and its ability to manage ports, roads, airlines, airports, and telecoms. There won’t be too much resistance to selling the family jewels"

Ah yes, this banker reminds us that each crisis is also an opportunity

"With all these people bashing reverse mergers in the light of the China stock scandals, it’s worth remembering that the NYSE itself is the product of a reverse merger"

An official from another US exchange points out an interesting irony